Other: Overpayments, underpayments and payment holidays allowed. Unlimited properties up to £1m. A completion fee can be added to the loan.

Contact: 0870 330 1817

Skipton Building Society

Product: Buy-to-Let

Description: Discount of 0.3% for one year.

Rate: Initial rate of 6.9%.

Max LTV: 80%

Completion fee: £125

Redemption fee: One month’s interest or notice.

Procuration fee: By negotiation.

Contact: 0800 446 776

CAPPED RATE

Cheltenham & Gloucester

Product: Four-year capped rate

mortgage

Description: Capped until 31/10/2005.

Rate: Initial rate of 5.99% (to 90% LTV), or 6.19% (to 95% LTV).

Max LTV: 95%

Completion fee: £199

Redemption fee: Reduces by 1% per annum, 4% in year one, 3% in year two, 2% in year three and 1% in the final year.

Procuration fee: £150 (or £500 on mortgages over £200,000 if completed before the end of June).

Other: Free legals or £150 towards costs.

Contact: 01452 373 187

DISCOUNT

Bristol & West

Product: Two-year discount mortgage

Description: 1.25% discount off base rate for two years following completion.

Rate: Initial rate of 5.75%.

Max LTV: 75%

Arrangement fee: £299

Redemption fee: Up to 50% can be repaid early per annum with no charges, as long as there is 50% of the balance outstanding on the account on 1 April each year. If fully repaid the redemption charge will be 5% of the sum repaid for two years from completion.

Procuration fee: Varies

Contact: 0117 943 7990

Exclusive Connections

Product: Three-year discount

Funded by: Leeds & Holbeck Building Society

Description: 1.25% discount (90% LTV) or 1% discount (95% LTV) for three years.

Rate: Initial rate of 5.59% (90% LTV) or 5.84% (95% LTV).

Max LTV: 95%

MIG: Free to 75%.

Procuration fee: £100

Other: £250 cashback. Open to employed, self-employed and first time buyers.

Contact: 0870 330 1817

Mortgages plc

Product: Super Discount 75

Description: Discount of 2% for one year, available to adverse market.

Discount: 2% for one year.

Rate: 6.74%

Max LTV: 75%

Redemption penalty: Six months’ interest in first three years and one month’s interest or one month’s notice thereafter.

Procuration fee: Varies

Arrangement fee: £295

Other: Available for purchase or remortgage, full status and self-certification, up to £5,000 of CCJs, up to two months’ arrears at application.

Contact:0845 6050 402

Skipton Building Society

Product: The Head Start Mortgage

Description: Discount mortgage for remortgage and first time buyers.

Discount: 1.30% for six months, followed by 0.30% until the end of year two.

Rate: Current variable interest rate is 6.90%.

Max LTV: 95%

Redemption penalty: Interest to the end of the month.

Procuration fee: By negotiation.

Arrangement fee: None

Other: Free legal fees for remortgages up to 85%LTV, free buildings insurance for 12 months or free ASU for six months or 40% off house and contents for 12 months.

Contact: 0800 446 776

FIXED RATE

Bristol & West

Product: Five-year fixed rate

Description: Fixed until 30/06/2006.

Rate: Initial rate of 5.89%.

Max LTV: 95%

Arrangement fee: £299

Redemption fee: 7% until 30/06/2002, then 6% until 30/06/2004, and 5% until 30/06/2006.

Sun Bank has launched a new mortgage that combines elements of a fixed rate mortgage with those of a flexible product.

The Fix & Flex mortgage can be tailored to suit the individual needs of the client, and allows them to fix up to half of the loan, while the remainder is calculated at the prevailing flexible mortgage variable rate.

The fixed rate is stepped with an initial rate of 4.74% payable until 1/1/2002, and then 5.74% until 1/9/2003, while the initial variable rate is 6.24%. Interest is calculated daily across both portions.

On the variable rate portion borrowers can make underpayments, overpayments, lump sum withdrawals and take payment holidays. The maximum loan to value is 90% on loans of up to £250,000, and there is an arrangement fee of £295. Redemption penalties on the fixed portion are charged at 5% of repayments until September 2003.

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